Legal Question in Banking Law in India
Sir we have made gift deed on our children’s name who are 8 and 9years old can we avail loan on that property
Asked on 2/04/19, 3:09 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
No. You cannot avail a loan on the security of minor children’s property.
Answered on 2/07/19, 9:50 am
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